Business and Accounting Advisory
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Thousands of tax debt defaults ‘in the pipeline’ The Covid-19 honeymoon period is over! Thousands of tax default referrals worth millions of dollars to the Australian Taxation Office (ATO) are expected before the end of the year, according to the only credit bureau currently processing them – Creditor Watch. This means beginning to publicly list […]
Superannuation Guarantee Liabilities are changing As of 1st July 2022, there are two main changes to how you pay your employees’ Superannuation Guarantee Contributions. The Federal Budget 2022 has maintained the Super Guarantee’s legislated increase to 12% by 2025. From July 1st 2022, the Super Guarantee increases to 10.5%. It will increase by 0.5% on […]
Federal Budget 2022-23 Everything you need to know about the Federal Budget
ATO changes the rules for Family Trusts! You may have recently seen some stories in the press or on social media circulating surrounding the ATO’s attack on Family Trusts. In late February, the ATO released three new pieces of guidance that formally provides their aggressive position on discretionary trust distributions. The guidance is comprised of: […]
Looking to retire? Discover how we sped up one clients retirement plan from 3 years to 12 months! Meet Rob and Donna, they’ve been in business for over 20 years, and for the past 15 years they have been lucky enough to have their 2 sons working alongside them in their family-owned business. When we […]
Is it a SCAM? New data released Naturally, people aspire to get the most out of their investments, especially if a great opportunity is presented by a ‘trusted’ organisation. However, investment scams occur more often than you may think, highlighting the risk to anyone of what you may potentially face when seeking new investment opportunities. […]
New legislative requirements for all Directors There are new legislative requirements for all directors of companies that come into effect in November 2021. It will require directors to apply for and be issued with a Director Identification Number (DIN) which will stay with that director for life. This includes all directors of a corporate trustee […]
Work changes to Casual Employment Whether you are a business owner, a casual employee or know anyone working casually, this is useful information and worth sharing. What you need to know. As you may be aware, in March this year the Fair Work Act was amended to alter the rights of casual employees through the […]